Update on Jaime AlbertoJaime needs to invest more in his business selling food and dairy products. This loan will permit him to buy items at wholesale, such as cheese, cream, curd, chicken, beans, rice, meats and condiments. He uses these ingredients in the preparation of his food items.
His previous loan helped him to expand his inventory and increase his sales. This enabled him to fortify his business, and his family's financial situation has improved.
El crédito anterior le ayudo a incrementar sus ingresos y aumentar sus inventarios; esto le facilito fortalecer su negocio, sus condiciones económicas han mejorado y las circunstancias familiares asimismo.
Previous Loan DetailsJaime has the opportunity to continue at his business. He will buy cheese and cream in bulk, which will allow him to continue selling fresh dairy products. His previous loan allowed Jaime to improve his business, buying fresh dairy products to maintain his sales. His family circumstances are… More from Jaime Alberto's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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